Hrabik Corporation issued $600000 9% 10-year bonds on January 1 2011 for $562613

Hrabik Corporation issued $600000 9% 10-year bonds on January 1 2011 for $562613.This price resulted in an effective-interest rate of 10% on the bonds. Interest is payable semiannually on July 1 and January 1. Hrabik uses the effective-interest method to amortize bond premium or discount.Required:Prepare the journal entries to record the following.(a) The issuance of the bonds.(b) The payment of interest and the discount amortization on July 1 2011 assuming that interest was not accrued on June 30.(c) The accrual of interest and the discount amortization on December 31 2011.